Strategic Investment Solutions Inc. IL Has $177,000 Holdings in Occidental Petroleum Co. (NYSE:OXY)

Strategic Investment Solutions Inc. IL raised its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 80.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,248 shares of the oil and gas producer’s stock after buying an additional 1,450 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Occidental Petroleum were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd raised its position in Occidental Petroleum by 42.8% in the 3rd quarter. XTX Topco Ltd now owns 5,797 shares of the oil and gas producer’s stock valued at $299,000 after purchasing an additional 1,738 shares during the last quarter. Virtu Financial LLC increased its stake in shares of Occidental Petroleum by 1,181.3% in the third quarter. Virtu Financial LLC now owns 65,437 shares of the oil and gas producer’s stock valued at $3,373,000 after buying an additional 60,330 shares in the last quarter. Rule One Partners LLC bought a new position in shares of Occidental Petroleum in the third quarter valued at about $14,199,000. PVG Asset Management Corp acquired a new position in Occidental Petroleum during the 3rd quarter worth about $411,000. Finally, Blankinship & Foster LLC bought a new stake in Occidental Petroleum during the 3rd quarter worth about $314,000. Institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stephens dropped their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday. Roth Capital set a $54.00 price objective on Occidental Petroleum in a report on Thursday, January 23rd. Citigroup dropped their target price on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Morgan Stanley set a $58.00 price objective on Occidental Petroleum and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Finally, Scotiabank downgraded shares of Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 target price on the stock. in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.81.

Occidental Petroleum Stock Up 1.8 %

Occidental Petroleum stock opened at $38.47 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company’s 50-day moving average is $45.92 and its 200-day moving average is $48.80. The firm has a market capitalization of $36.15 billion, a PE ratio of 15.77 and a beta of 1.02. Occidental Petroleum Co. has a fifty-two week low of $34.79 and a fifty-two week high of $68.43.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. Sell-side analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were paid a $0.24 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Monday, March 10th. Occidental Petroleum’s payout ratio is 39.34%.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the purchase, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.